Axactor ASA: Axactor moves from two to one credit rating agency

In an effort to save costs and reduce the administrative burden, Axactor todayannounces the cancellation of its credit rating agreement with Moody'sInvestorsService.

As Axactor's latest bond offerings have been smaller in size and directed moretowards Nordic based investors, the perceived investor demand for a corporatefamily rating has been reduced. As the credit rating subscriptions are costlyand time consuming to maintain, Axactor has consequently decided to cancel oneof its two credit rating subscriptions. Axactor will retain its ratingsubscription with S&P Global, and as such remain a rated company.

For additional information, please contact: Johnny Tsolis, CEO, Axactor Tel: +47 913 35 461 E-mail: johnny.tsolis@axactor.com

To learn more about Axactor, visit www.axactor.com

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